The Micro and Macro of Downward Nominal Wage Rigidity

Robert Amano, Dany Brouillette, Stefano Gnocchi and Natalia Kyui

Bank of Canada Review, 2016, vol. 2016, issue Spring, 15-28

Abstract: The article examines the extent of downward nominal wage rigidity in Canada and its implications for monetary policy. The authors ask whether its existence is a sufficient argument for a higher inflation target if concerns about the effective lower bound are adequately addressed.

Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:bca:bcarev:v:2016:y:2016:i:spring16:p:15-28

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